Don’t miss the latest developments in business and finance.

Opto Circuits slumps after poor Q4 results

Image
Capital Market
Last Updated : Jun 01 2014 | 12:07 AM IST

Opto Circuits (India) slumped 30.08% to Rs 35.45 at 14:31 IST on BSE after consolidated net profit slumped 94.13% to Rs 12.29 crore on 32.95% decline in total income from operations to Rs 456.37 crore in Q4 March 2013 over Q4 March 2012.

The result was announced after trading hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 383.09 points, or 1.90%, to 19,832.31.

On BSE, 47.99 lakh shares were traded in the counter as against an average daily volume of 6.84 lakh shares in the past one quarter.

The stock hit a low of Rs 35.15 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 51.25 so far during the day. The stock had hit a 52-week high of Rs 167 on 30 May 2012.

The stock had underperformed the market over the past one month till 30 May 2013, sliding 13.04% compared with the Sensex's 3.65% rise. The scrip had also underperformed the market in past one quarter, rising 1.91% as against Sensex's 7.18% rise.

Also Read

The small-cap company has an equity capital of Rs 242.32 crore. Face value per share is Rs 10.

Opto Circuits (India)'s net profit fell 33.58% to Rs 379.81 crore on 1.25% increase total income from operation (net) to Rs 2399.35 crore in the year ended March 2013 over the year ended March 2012.

Opto Circuits (India) is a multinational medical device company. It designs, develops, manufactures, markets and distributes a range of medical products that are used by healthcare establishments in more than 150 countries. The company specialises in vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies.

Powered by Capital Market - Live News

More From This Section

First Published: May 31 2013 | 2:32 PM IST

Next Story